A downturn during 2009 at Barclays Asset & Sales Finance has had a major knock-on effect on its parents commercial division. A 10 percent fall in total assets in commercial bank had been driven by reduced overdraft borrowings and lower volumes in Barclays Asset and Sales Finance business. The figures, reported last month in Barclays financial statement for year end 2009, also stated the number of customers of the corporate arm fell 6 percent primarily as a result of reductions in exposures to high-risk sectors within Barclays Asset and Sales Finance.
The Polish leasing sector saw a nearly 10 percent drop in sales during the first month of this year. In January 2010, leasing companies provided finance to the value of 318 million, as compared to some 350 million in the first month of 2009.